# China National Building Material completes sale of cement assets to Tianshan Cement

China National Building Material (CNBM) completed the sale of certain cement business assets to Tianshan Cement. The transfer of equity was completed on the announcement date, and 7.3 billion consideration shares were registered on October 25, 2021, to be listed on November 2, 2021.

- Type: Acquisition
- Announced: 2021-10-28
- Where: China
- Status: completed
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [China National Building Material Group](https://endata.com/companies/20207.md)
- [Tianshan Cement](https://endata.com/companies/48814.md) (acquirer)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/587138.html), 2021-10-28: "中国建材(03323)发布公告，内容有关向天山水泥出售若干水泥业务资产，于本公告日期，转让标的股权予天山水泥已获完成。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.